India Aviation - Average Daily Fliers Remain Steady; IndiGo Gains Market Share In July: ICICI Securities

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.The average number of daily fliers in August 2022-to-date stands at ~326,000 versus 316,000 for the month of July 2022. For August-2022-to-date, the average number of daily departures remained stable month-on-month at 2,561 and the average number of fliers per departure increased from 123 in July-22 to 127 in Aug-22-to-date. Interglobe Aviation Ltd. market share gains continue; passenger load factors dipped sequentially for all major airlines except for SpiceJet Ltd. and Vistara: Airlines that saw market share gain: Air India (up 100 bps, 9.6%), IndiGo (up 190 bps, 58.8%), Vistara (up 100 bps, 10.4%). Airlines that saw market share decline: SpiceJet (down 150 bps, 8%), Go First (down 130 bps, 8.2%), Air Asia (down 100 bps, 4.6%). PLF declined sequentially for all the major airlines in July-22 except for SpiceJet and Vistara, which saw marginal gains. Highest fall was reported by Air India (down 430 bps, 71.1%) and Go Air (down 220 bps, 77%)..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

India Aviation - Average Daily Fliers Remain Steady; IndiGo Gains Market Share In July: ICICI Securities

India Aviation - Average Daily Fliers Remain Steady; IndiGo Gains Market Share In July: ICICI Securities

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